Re: Raising the Bar (SP) with high sell orders!
in response to
by
posted on
May 20, 2008 06:54PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
TD has a formula they use to calculate max sell order price. Right now that price should be around $7. Also, the last Short report was for only 330 100 shares. When you consider the float of 129M shares, this is not an issue. My bet would also be that the next short report due tomorrow will see a lower number for shares shorted, probably below 200k shares IMO. So what we need is news...
They have been drilling at E2 since middle of February. On Feb 25 they had 4 holes drilled and they all hit something. On April 2nd, they had 12 holes drilled and they hit 8 out of 12 times. At the luncheon of April 28th, it was reported that NN said they were drilling still at E2 and that their hit miss ratio was improving. They were already at 66%. Now, on May 20th, NN told me that both drills that are currently working are on E2. RN had told me (and others confirmed this) that in early May they were on hole 21 at Eagle 2. So I believe we are close to 30 holes or more at E2. Now all the other companies that were drilling in the area have stopped drilling because of cost and logistics. We keep banging holes day after day, break up or not. What does this say about E2? Keep in mind that E1 had a total of 36 holes. My DD says Eagle 2 will be a substantial addition to E1 and between the both of them, we will be very close to justifying the infrastructure for a mine. This very thin line (critical tonnage), once crossed, will see a tremendous increase in the share price as we both retire risk and increase the % value of the GMV for a mine. BUT WE NEED NEWS...until then, if you do your do your DD and see what I see, you will see this as a great buying opportunity.
We are writing history here people, stick around,
Glorieux